SmartMetric Inc. (OTCMKTS:SMME) was up 22% in Thursday’s trading session. After years of research, the company has created one of the most advanced and cutting edge next-gen financial technology sector products.
Market Reaction
On Thursday, SMME stock soared 22% at $0.0129 with more than 1.31 million shares, compared to its average volume of 1.28 million shares. The stock has moved within a range of $0.0099 – 0.0133 after opening the trade at $0.0100.
Latest Buzz
Notably, its credit card with an integrated fingerprint reader scans your fingerprint in less than a second when you contact a sensor on the card’s surface. Your fingerprint gets compared to your card’s pre-stored fingerprint, and if the two matches, the card is turned on. In addition, there is instant secure user verification that protects the usage of a credit or debit card in a transaction beyond PIN usage.
What distinguishes The SmartMetric biometric credit card solution from others is its inbuilt power source. This allows the card to work and complete the fingerprint scan before being inserted into a reader, allowing it to be used at standard ATMs and in scenarios where the card is carried away from the dining table to be processed, such as a restaurant. So in the coming days, SMME is worth watching.
Key Quote
“When developing the SmartMetric biometric card, we were particularly aware that for its adoption by card issuing Banks and consumers, the card would need to work in all real-life situations in which the public uses cards today,” said SmartMetric’s President and CEO Chaya Hendrick.
Traders Review
ETST stock is trading above the 20-Day and 50-Day Moving averages of $0.0269 and $0.0262 respectively. However, the stock is trading below the 200-Day moving average of $0.0306. The stock is up 46% over the past quarter.
